Skimming is a method used in identity theft, and thieves can use stolen information to open new accounts and drain existing ones. The Identity Theft and Assumption Deterrence Act has not completely deterred identity theft.

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Identity Theft

Question 34

Multiple Choice

Identity theft:

A) has been greatly deterred in recent years, due largely to the passage of the federal Identity Theft and Assumption Deterrence Act.
B) may involve "skimming," which means using an electronic device to record your personal information when you are using a credit card for a proper purpose.
C) may enable thieves to open new bank accounts and credit cards which would be used to drain the victim's bank accounts.
D) All of the above.
E) Both (b) and (c) .

Correct Answer: